Monopolies -- United States; Railroads and state -- United States
But a different rule now obtains. These railroads do not stop half way.
Their combination for carrying the product of the country is perfect;
but another combination will afford them an opportunity for extorting
from the producer an additional portion of his crop in the shape of
storage. To effect this object, the different warehouse companies in the
principal grain marts have consolidated or "pooled" all their interests,
and in combination with the railroad companies have pursued, and are
pursuing, a course of extortion which is oppressive upon the producer.
When his grain reaches its destination, it must go into a warehouse; he
is in a worse situation now than when he shipped it; then he had the
option to keep it, or submit to the first levy in favor of the
warehouseman; but he is now entirely helpless in the hands of the _ring_
formed to rob him. Without asking his consent his grain is taken to such
warehouse as the railroad agent directs; it is seized by the
warehousemen and stored at such ruinous rates as to compel him to sell
at once, or have the small portion of the crop which he sowed and
harvested, and which thus far the railroad combination has graciously
allowed him to retain, absorbed by elevator and warehouse charges. He is
obliged to use all these agencies or let the crop go to waste on his
hands; and these agencies are all owned and controlled by this vast,
this gigantic corporate power, created, enriched, and protected by state
and national legislation, and constantly guarded by the decisions of the
courts, state and national. Indeed, the old despotic maxim, "The king
can do no wrong," that his acts cannot be questioned, seems to have
descended to these monopolies. They are protected by government, and, as
the case now stands, _their servants, the people_, must be content,
because all hope of relief from efficient action on the part of either
the legislative or judicial departments of the government is denied
them.
CHAPTER XV.
A NEW AND FALSE PRINCIPLE IN HYDRAULICS--WATERED STOCK--ITS UNLAWFUL
PROFITS THE SOURCE OF EXTORTIONATE TARIFFS--THE "FAST DISPATCH" SWINDLE.
Public-domain text, read in full here on John Shaqi.
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